The Investment Review Department of the Ministry of Economic Affairs held an investment review meeting on the 24th, during which one overseas investment case and two overseas investment cases were approved.Including: American company COUPANG, INC.New Taiwan Dollar6.05 billion yuanIncrease capitalTaiwan Coolpeng and CITIC Bank invested approximately US$50 million (approximately NT$1.63 billion) in their Philippine subsidiaries, and Qihong (3017) invested US$50 million in its Vietnamese subsidiary.
The Investment Inspection Department stated that one of the overseas overseas investments approved today is the US company COUPANG, INC.’s investment of 6.05 billion yuan in COUPANG Co., Ltd., which operates e-commerce services, sells goods through online platforms, and manages its own warehousing.
In the foreign investment section, two cases were passed today. The first case is that China Trust invested US$50 million in loans in Philippines CTBC BANK (PHILIPPINES) CORP. to engage in commercial banking business; the purpose of this investment was mainly to support the liquidity stability needs of the Philippine subsidiary and support the development of credit business.
The second case is that Qihong Technology invested US$50 million in Vietnam AVC TECH. (VIETNAM) CO., LTD., which is engaged in the production and processing of computer radiators, fans and casings; the purpose of this investment was Vietnam AVC TECH. (VIETNAM) CO. ., LTD. Expand the factory and increase operating working capital.
Seize the Taiwan e-commerce market!Meikupeng’s investment increase of 6.05 billion yuan in Taiwan was approved by the Investment Review Department of the Ministry of Economic Affairs
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Tags: Seize Taiwan ecommerce marketMeikupengs capital increase billion yuan Taiwan approved Investment Examination Department Ministry Economic Affairs Financial Focus Industrial Economics
